Jim Rogers - Economic collapse will bring about political change; US will not be able to restructure debt

Economic collapse will bring about political change in favor of the Libertarian Party.
The US budget will not be balanced.
[US debt will not be restructured.] "What is going to happen is that the US will print a lot of money and the US dollar will become a lot less valuable."
"People with pensions, especially government pensions, will find out that things are seriously wrong."
IRAs and 401Ks will be confiscated and replaced with government bonds.
A catastrophe is coming but consider that in Chinese the word for crisis is related to the word for opportunity. So be ready. Be prepared. Things will be horrible, but look for wēi jī. Opportunity in crisis.

Recorded at the 2016 Libertarian Party Convention, Rosen Centre Hotel and Resort, Orlando, FL, May 27, 2016.